PLX Divests Consumer R&D Team, Reduces Expenses, Focuses on Fast-Growing Data Center, Cloud Services

PLX Technology (NASDAQ: PLXT), today announced steps taken to reduce operational costs by divesting its United Kingdom Research and Development Center based in the city of Abingdon. PLX has signed a definitive agreement with OCZ Technology Group, a leading provider of high-performance solid-state drives, whereby OCZ will acquire the PLX UK team to enhance OCZ's design capabilities. The deal is expected to close before the end of October 2011.